Equity Investor: L&T Infrastructure Finance Company Limited (Sponsor) and Financial Investors
Debt Investor: Debt in the form of rupee and foreign currency bonds would be raised by leveraging equity. Long term debt instruments of L&T Infra Debt Fund Limited are rated “AAA” by CRISIL (a Standard and Poor’s Company), ICRA (a Moody's Investors Service Company) and CARE Ltd.
Funds raised through equity and debt would be invested in a portfolio of operational infrastructure projects.
Benefit of IDF - NBFC Structure
- Project portfolio diversified by sector, project type, geography and sponsor
- Sponsor Equity represents the 1st loss piece
- In key sectors like Roads & Ports, L&T IDF would have a Termination compensation (i.e. Guarantee) from a government- owned Project Authority in specified events of default, which would cover 100% of the debt provided by L&T IDF.
- Lower withholding tax (5%) for foreign investors.